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Revel saw a loophole as an opportunity for a new ridehail service. New York City is absolutely livid

May 3, 2021. Summarized by summa-bot.

Compression ratio: 21.6%. 1 min read.

Back in 2018, New York City regulators, tired of vehicles from Uber and Lyft making some streets so clogged that cars had to drive slower than streetcars and buggies once had, cracked down and said they would temporarily block new for-hire licenses. But in a fit of environmental-minded well-meaning, they left a loophole for electric cars. Now an upstart company is trying to use that loophole to bring new cars into Manhattan.

Washington, DC (CNN)Back in 2018, New York City regulators, tired of vehicles from Uber and Lyft making some streets so clogged that cars had to drive slower than streetcars and buggies once had, cracked down and said they would temporarily block new for-hire licenses.

New York City cracked down on Uber and Lyft in 2018, temporarily blocking any new for-hire vehicle licenses.

Revel CEO Frank Reig told CNN Business he expects to expand to other markets, but is focusing on New York City, where the company is based, initially.

New York City's mayor's office told CNN Business that electric for-hire vehicles are still for-hire vehicles, and the TLC has an obligation to protect the market.

Revel said in a statement to CNN Business that it's been told by the TLC to begin affiliating vehicles with the base number, a step that the TLC website says only happens upon application approval.

Reig told CNN Business that Revel is doing everything the city administration and TLC wants of ridehail companies.

by summa-bot

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